The following audit procedure tests primarily which balance-related audit objective for accounts receivable: review accounts receivable trial balance for large and unusual receivables.
A) existence
B) completeness
C) classification
D) all of the above

Question

Quizplus · Accepted Answer

Reviewing the accounts receivable trial balance for large and unusual receivables primarily tests the existence balance-related audit objective, which seeks to confirm that the recorded accounts receivable actually exist and are owed to the company. It would not directly test completeness or classification objectives.

The Following Audit Procedure Tests Primarily Which Balance-Related Audit Objective